Sanderson CEO Says Food-Service Demand May Be in Recovery
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Sanderson Farms Inc., the fourth-largest U.S. chicken producer, said rising prices for boneless, skinless breast meat indicate that demand from U.S. food service may have bottomed in recent months.
“What we’ve seen in November, December and January is hopeful,” Joe Sanderson Jr., chief executive officer of the Laurel, Mississippi-based chicken processor, said in a telephone interview today. “We have to see it a little longer before we can say things are improving.”